The main dining and living area is about 600 square feet and features views on two sides. A previous landlord knocked down a guest bedroom in order to enlarge the living room, said Liliian Lue, a broker at Hong Kong Sotheby's International Realty, who is the sole agent representing the property.

The main dining and living area is about 600 square feet and features views on two sides. A previous landlord knocked down a guest bedroom in order to enlarge the living room, said Liliian Lue, a broker at Hong Kong Sotheby's International Realty, who is the sole agent representing the property.

The dining area has windows with partial views of the Hong Kong harbor. Prices in the "lower peak" area, what this part of Mid-Levels is often called, haven't risen as much as on the Peak, where prices of some properties have almost doubled in the last few years, said Ms. Lue. For this price, a buyer could buy a house on the Peak but views would likely not be as good and the house would probably be older and not in as good condition, she said. This flat, which is located in Tregunter Tower 3, off Old Peak Road, is 18 years old. The owner of the flat bought the unit three years ago for HK$70.8 million and leased it out to an expatriate family.

The dining area has windows with partial views of the Hong Kong harbor. Prices in the "lower peak" area, what this part of Mid-Levels is often called, haven't risen as much as on the Peak, where prices of some properties have almost doubled in the last few years, said Ms. Lue. For this price, a buyer could buy a house on the Peak but views would likely not be as good and the house would probably be older and not in as good condition, she said. This flat, which is located in Tregunter Tower 3, off Old Peak Road, is 18 years old. The owner of the flat bought the unit three years ago for HK$70.8 million and leased it out to an expatriate family.

Prices in the area have gone up about 35% to 40% in the past year, said Angela Lai, senior regional associate director for Centaline's Central Mid-Levels office. Units in the Central Mid-Levels area are generally larger and thus too expensive for all but a few to buy and flip. Average prices range from HK$10,000 a square foot for an older building on nearby Kennedy Road or MacDonnell Road to HK$20,000 a square foot for a newer building such as nearby Azura, said Ms. Lai. This unit, which is asking for HK$28,400 a square foot, has a relatively high efficiency rate of 80%, meaning only 20% of the 4,146 square feet isn't usable space.

Prices in the area have gone up about 35% to 40% in the past year, said Angela Lai, senior regional associate director for Centaline's Central Mid-Levels office. Units in the Central Mid-Levels area are generally larger and thus too expensive for all but a few to buy and flip. Average prices range from HK$10,000 a square foot for an older building on nearby Kennedy Road or MacDonnell Road to HK$20,000 a square foot for a newer building such as nearby Azura, said Ms. Lai. This unit, which is asking for HK$28,400 a square foot, has a relatively high efficiency rate of 80%, meaning only 20% of the 4,146 square feet isn't usable space.

The flat, which encompasses the 67-69th floors, has clear views of the Peak and partial views of the harbor. Tregunter Tower was the tallest building in the Mid-Levels area until 2000, said Ms. Lue. It remains one of the tallest buildings in the area, giving residents plenty of privacy and a view of rooftops below. A 3,689-square-foot unit in the building is currently on the market for HK$148 million, or about HK$40,000 per square foot. The price is higher because it offers views of Victoria Harbour, said Ms. Lai.

The flat, which encompasses the 67-69th floors, has clear views of the Peak and partial views of the harbor. Tregunter Tower was the tallest building in the Mid-Levels area until 2000, said Ms. Lue. It remains one of the tallest buildings in the area, giving residents plenty of privacy and a view of rooftops below. A 3,689-square-foot unit in the building is currently on the market for HK$148 million, or about HK$40,000 per square foot. The price is higher because it offers views of Victoria Harbour, said Ms. Lai.

The master suite, including the walk-in closet, ensuite bath and sauna, is about 450 square feet. An earlier landlord enlarged the master bedroom by sacrificing another bedroom, said Ms. Lue. There is now a sitting area and walk-in closet where one of the bedrooms once stood. There are a total of two bedrooms in the flat.

The master suite, including the walk-in closet, ensuite bath and sauna, is about 450 square feet. An earlier landlord enlarged the master bedroom by sacrificing another bedroom, said Ms. Lue. There is now a sitting area and walk-in closet where one of the bedrooms once stood. There are a total of two bedrooms in the flat.

The family room is on the top floor with access to two rooftop gardens. The ceiling to the family room is higher, at around 15 feet, and there is a wall of windows overlooking the larger rooftop space. The building has three penthouse apartments, one of which is located next door. The third one is owned by the building developer and leased out.

The family room is on the top floor with access to two rooftop gardens. The ceiling to the family room is higher, at around 15 feet, and there is a wall of windows overlooking the larger rooftop space. The building has three penthouse apartments, one of which is located next door. The third one is owned by the building developer and leased out.

The larger rooftop space has a built-in stone flowerbed. Tenants have access to an outdoor pool, tennis courts, indoor gym, children's playroom, residents' restaurant and shuttlebus to Central and Admiralty. There is a management fee of HK$9,600 a month.

The larger rooftop space has a built-in stone flowerbed. Tenants have access to an outdoor pool, tennis courts, indoor gym, children's playroom, residents' restaurant and shuttlebus to Central and Admiralty. There is a management fee of HK$9,600 a month.